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Dry Bulk Australia China

Baosteel deal with Rio Tinto could boost capesize rates

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CAPESIZE freight rates look set to temporarily defy the traditional mid-year slump after Chinese steelmaker Baosteel agreed to pay nearly double for Australian iron ore to miner Rio Tinto in 2008-2009.

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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